Drying Up Tab By Oil

Oil News and blog posts

Oil below $90 as dollar strengthens Filed under: Major movement, International markets, Consumer experience, Oil, Recession. One of the great things about a global financial collapse is that economic activity slows down so much that people use less oil. ... Oil Prices Hit Eight-Week Low Oil prices fell to an eight-month low below $90 a barrel Monday on speculation that the spreading financial crisis will exacerbate a global economic slowdown and cut demand for crude oil. Significant gains by the US dollar against the ... Fungus Can Remove Sulfur From Crude Oil Researchers in Iran are publishing what they describe as the first study on a fungus that can remove sulfur, a major source of air pollution, from crude oil more effectively than conventional refining methods. ... Oil Prices Sinking, OPEC to Defend $80 per Barrel Oil Meanwhile oil prices are sinking well below the $100 threshold. Oil prices fell to an eight-month low below $90 a barrel Monday on speculation that the spreading financial crisis will exacerbate a global economic slowdown and cut demand ... Crude Oil Falls Below $92, Demand Loss Feared Oil prices slumped 2 percent on Monday, falling for a fourth day as traders feared efforts to contain the spreading credit crisis would fail to stave off a deeper decline in oil demand.

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